Last week's top stories on ShippingWatch
![Photo: Katinka Hustad/Polfoto/Arkiv](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article8628886.ece/ALTERNATES/schema-16_9/maersk.jpg)
Maersk Line in the red
The Maersk Group published its second quarter interim report on Friday, and the problems caused by the low oil price and depressed freight rates were clearly evident.
Here is an overview of Maersk's Q2 results
Maersk Line hit with USD 151 million deficit in Q2
"We have been built up around shipping and oil for 112 years"
Competitor Hapag-Lloyd on Wednesday also published a deficit:
Hapag-Lloyd CEO: Disappointing first half of 2016
Ahead of the two key interim reports, China Cosco Shipping Corporation announced plans to order upwards of 50 new container vessels:
Chinese container giant in massive billion dollar venture
![Photo: Carsten Snejbjerg/Polfoto/Arkiv](https://photos.watchmedier.dk/5eUzvGx2WESru0VIN2uXJ0J32uIp4FEcljQK4TUeaT4/resize:fill:960:0:0/plain/https%3A%2F%2Fphotos.watchmedier.dk%2FImages%2Farticle8635319.ece%2FALTERNATES%2Fschema-16_9%2Fs%25C3%25B8renskou1.jpg)
Stage set for sulfur IMO sulfur dispute
New report upends the efforts to implement global sulfur regulations:
Contradictory reports could kick off IMO sulfur dispute
Documentation: Here are the two sulfur studies
News from South Korea's shipping crisis
The South Korean government's efforts to get its struggling shipping sector back on track continued this week:
South Korea's top yards at 13-year order backlog low
Media: Daewoo suffered bigger loss than officially reported
![Photo: PR-foto/Hyundai Merchant Marine](https://photos.watchmedier.dk/XMUIkKWyJlC0000fypFZjZdbP7qE9vKNT_Uu6Mch0Ss/resize:fill:960:0:0/plain/https%3A%2F%2Fphotos.watchmedier.dk%2FImages%2Farticle8656464.ece%2FALTERNATES%2Fschema-16_9%2Fhyundaimerchantmarine.jpg)
Financial regulator: Daewoo's money woes defy categorization
South Korea prepared to let Hanjin Shipping default
South Korea sticks with aid for Daewoo despite fraud case
Further reading:
In fraud case against Danish bunker company, key witnesses spoke on Thursday and the prosecution delivered its closing procedure on Friday:
Witnesses took the stand in criminal case against Danish bunker company
APM Terminals' upcoming terminal in Nigeria:
APM Terminals cleared for construction of Africa's biggest terminal
A consolidation wave seems underway among the struggling Norwegian offshore carriers:
Consolidation in Norwegian offshore has only just begun
Expectations for bulker J. Lauritzen's interim report next week:
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